When LexisNexis launched its Lexis+ premium legal research service in 2020, the service included Brief Analysis, its answer to a line of products pioneered by legal research company Casetext with its CARA brief analysis tool and followed by companies such as Thomson Reuters and Bloomberg Law. Last year, LexisNexis expanded that to add Judicial Brief Analysis, a tool that enabled users to analyze up to six briefs at a time and receive a report comparing all case law, arguments, citations and quotes.
While those document analysis tools have been focused on the litigation side of legal practice, LexisNexis is today unveiling a document analysis tool designed for transactional attorneys, to help them research, negotiate and close transactional agreements.
Called Lexis+ Agreement Analysis, the product uses AI to extract and recommend alternate clauses from a repository of 6.7 million clauses found in public EDGAR filings and another 300,000 from LexisNexis’s own Practical Guidance documents.
